Welcome to our Credit Union Loans Hub
Here at South Manchester Credit Union we offer a variety of loans designed to meet your needs. Whatever you want to borrow for – washing machine, that dream holiday, or finally starting your own business – our credit union loans have you covered. All loan interest is charged on the reducing balance.
Loans for new members
Hello and welcome! We always love to see a new face. Starting your journey with us is easy. Check out our Welcome Loan and Family Loan. For larger amounts, scroll down to see credit union loans for over £1000.
Welcome Loan
For your first loan, access credit between £150-£700 at 42.6% APR. Apply through our online form and we’ll assess your application on the same day.
- New members
Family Loan
Make loan repayments with your child benefit. Apply for £300-£700 at 42.6% APR through our online form and we’ll assess your application on the same day.
- New members
Loans for loyal members
These loans are for existing members, If you are a new member, feel free to find out more and plan for the future.
Saver Loan
Be rewarded for your loyalty with a bespoke credit level up to £3000, 26.8% APR. This loan can be refinanced 4 times a year and your loan will be assessed on the same day.
Secured Loan
Apply for a loan equal to your savings balance from our lowest interest rate, 5.1% APR. The application process is quick and easy – receive the loan on the same day.
Loans for your bigger goals
These loans are for new and existing members. Our lowest rate for loans over £1,000 is 14% APR. Our team will give you a decision within 5 working days.
Smart Loan
This loan is designed for that dream holiday or any of those bigger goals in life. Apply between £1,000 – £15,000 from 14% APR.
- New members
Green Loan
This loan is good for the planet and good for your finances. Borrow between £500 – £15,000 from 14% APR to make a sustainable change.
- New members
Car Loan
This isn’t car finance, this is better. Borrow between £1,000 – £15,000 from 14% APR to put yourself in the driving seat.
- New members
Credit Union loans calculator
Got an amount in mind? Use our free credit union loans calculator to see what your repayments could be.
Under £1,000
To calculate your repayments for a loan under £1,000, see our Welcome Loan page
Over £1,000
For a loan of over £1,000, see our Smart Loan page to calculate your repayments
Why borrow credit union loans with us?
Interact with our experienced team as we have provided our membership with financial support and access to savings accounts for over 20 years
99% of our 650+ Google reviews are 5 stars, something we are incredibly proud of. Our members show us lots of support and appreciation for the service we provide
Through saving with us, you are directly benefiting your local community. As we provide our loans from our memberships savings, your savings make a difference to the people around you
We are regulated by the FCA (Financial Conduct Authority) and the PRA (Prudential Regulation Authority), meaning you can rest your mind at ease, knowing we are a organisation you can trust
